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FWIW, I am on the fence but leaning towards the dark
side. I came across the following site the other day
and they can make a pretty good case for the bears:
http://www.hussmanfunds.com/wmc/wmc050606.htm
And in this one he goes deeper into market valuations:
http://www.hussmanfunds.com/wmc/wmc050222.htm
I am not affiliated with them in any way. (But I did
start start nibbling on some short positions last
week.)
Best of trades to all.
Phil
--- BobsKC <bobskc@xxxxxxxxxxxx> wrote:
---------------------------------
At 12:15 AM 6/8/2005 -0400, you wrote:
my work suggests thattomorrow is a downer
add to that the bad candle made on sp500 and it
REALLYworries me
Ben
Possibly ... possibly not .. the fundamentals are
still strong, themarket is not over-bought, the
technicians are nearly universallyconvinced we are
going lower and pe's are reasonable. While Iwouldn't
bet against Ben, I'm taking a wait and see attitude
rightnow.
Bob
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